Barrington Research Comments on CLMB FY2024 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Equities research analysts at Barrington Research boosted their FY2024 earnings per share (EPS) estimates for Climb Global Solutions in a report issued on Tuesday, November 12th. Barrington Research analyst V. Colicchio now forecasts that the company will post earnings of $4.14 per share for the year, up from their prior forecast of $3.28. Barrington Research currently has a “Outperform” rating and a $136.00 target price on the stock. The consensus estimate for Climb Global Solutions’ current full-year earnings is $3.28 per share. Barrington Research also issued estimates for Climb Global Solutions’ FY2025 earnings at $4.55 EPS.

Climb Global Solutions Trading Down 0.3 %

Shares of Climb Global Solutions stock opened at $121.21 on Thursday. Climb Global Solutions has a twelve month low of $45.79 and a twelve month high of $124.50. The firm’s 50-day moving average price is $102.72 and its 200 day moving average price is $79.12. The firm has a market capitalization of $558.78 million, a PE ratio of 32.85, a P/E/G ratio of 3.36 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.56%. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after purchasing an additional 7,447 shares during the last quarter. Choreo LLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter valued at approximately $4,491,000. Pinnacle Associates Ltd. lifted its holdings in Climb Global Solutions by 66.8% in the third quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,298 shares during the last quarter. SG Americas Securities LLC purchased a new position in Climb Global Solutions in the third quarter worth approximately $159,000. Finally, New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the third quarter worth $38,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.